1. Which of these is not an advantage of open-market operations compared to other tools the Fed could use?
a. They are flexible and precise
b. They are easily reversed
c. They can be implement quickly
d. They are done at the initiative of the member banks
2. Which of these are goals sometimes pursued by Central Banks?
a. Price stability
b. Full employment and output stability
c. Stability of financial markets
d. All of these